Dec 10, 2018
Lipper’s fund asset groups (including both mutual funds and ETFs) suffered net outflows of $40.2 billion for the abbreviated fund-flows trading week ended Tuesday, December 4. Markets were closed on Wednesday, December 5 in accordance with the national day of mourning to honor the late former President George H.W. Bush. All four asset classes suffered negative net flows paced by money market funds (-$34.4 billion) while taxable bond funds, municipal bond funds, and equity funds saw $4.8 billion, $692 million, and $289 million leave their coffers, respectively.
Pat Keon, Lipper Senior Research Analyst, speaks to the highlights in this week's video.